Dollar General Co. (NYSE:DG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Dollar General Co. (NYSE:DG) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,787,336 shares of the company’s stock after selling 17,983 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.81% of Dollar General worth $135,514,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new position in Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the 3rd quarter worth about $33,000. Providence First Trust Co purchased a new stake in Dollar General during the 4th quarter worth approximately $33,000. Finally, Bogart Wealth LLC raised its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the subject of several recent research reports. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and increased their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. Barclays lowered their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Gordon Haskett downgraded Dollar General from a “hold” rating to a “reduce” rating in a report on Wednesday, April 9th. Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $94.75.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.

Dollar General Price Performance

NYSE:DG opened at $93.64 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company’s 50-day moving average is $84.29 and its two-hundred day moving average is $78.88. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the company earned $1.83 EPS. Dollar General’s revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.